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Search Results 0 to 49 of about 71 (some duplicates have been removed)
CNBC
Dec 28, 2012 4:00am EST
today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell s
FOX News
Dec 30, 2012 8:00am PST
the fiscal cliff in the next two days? have you that $16 trillion staring us in the face? >> eric, let's look for a silver lining in this fiscal cliff discussion. i think what we are hearing from the american public, loud and clear is that they don't want to pay any more taxes. they don't want to pay for the government they are getting that. leaves two choices. number 1, we continue to borrow money or reduce spending. we won't have the option to borrow forever. so we have to reduce spending. if the american people will get as fired up about reducing spending, we might have a chance to fix that. clearly, that message hasn't gotten through to the white house and to the senate. it is heard loud and clear in the house, but we control just the house. >> eric: how do you get that message across and the american people say, instead of dealing with the tacks going up -- trying to deal with the other side of this issue? >> we continue to have the debate. that's what this is about. that's why we are on television and why we do what we do in the house, to try to draw attention to the fact that we have a
MSNBC
Dec 26, 2012 1:00pm PST
the looming fiscal cliff within the next six days. it's a matter that's been made all the more difficult with news today that speaker boehner's house will not be back to work on thursday. we've got kristen welker joining us from beautiful honolulu. that's a lovely spot there. >> it is. hey, karen. >> hey. wel get to the fiscal cliff in just a moment. we understand that you've just gotten word that the president is actually getting updates on the condition of former president rw bush. what can you tell us about that sfl. >> that's right. according to a senior official, president obama has been kept up to date on the condition of former president bush. he is recovering. he spent christmas in the hospital. doctors kept him there after concern that his fever was increasing. now, the senior administration officials won't confirm who's updating president obama. karen, it's not unusual for a sitting president to be kept in the loop when this type of situation arouss. when a former president is ill. so we are being told he has been kept in the loop. and of course the entire white house watching
FOX Business
Dec 28, 2012 11:00am EST
the response is out of washington with the fiscal cliff it is going to slow the economy next year. raising of taxes, cutting down of government spending will decrease economic growth, gdp growth which calculations -- shibani: we're predicting a slowdown but predicting a rise in currency in u.s. dollar. how does that -- >> good question. for safety. the bond market everyone is bearish on the bond market because interest rates should go up but in all reality the commercials have positioned themselves for short-term move down which we had. going back to neutral again and the open interest which is how many contracts are exposed to this trend or hedge are at the lowest level in years. usually you will get higher open interest of the market is going to move in the direction lower and the bond market is signaling that things are not going to be worked out and the economy will slow down the u.s. currency strengthens when there is nervousness around world which relates to the stock market going down. byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you m
MSNBC
Dec 30, 2012 9:00am PST
. i think that would pass. there are ways to avoid the fiscal cliff in the next 36 hours. >> what is that mood like? i know you have been talking to them day in and day out. i was asking you on the commercial break what you are doing on capitol hill, what you are doing now. a lot of hurry up and wait. >> there's a lot of frustration. everybody understands this is a very serious issue. 36 hours from now, the fiscal cliff takes effect if there's inaction. there's some optimism. there's reason to be hopeful. i think the senate is going to come up with a plan we'll be able to vote on in the house. if not, the president put forward a plan that is ready to go now. there's no reason we can't get that done. >> the president has a back-up plan, he wants you to put something forward to make sure the tax cuts stay in place for the middle class. it's something you can support. what is your threshold? is it $400,000 or $500,000? if reid and mcconnell come up with a deal, what would you support? >> i would support $250,000. it's probably going to be higher than $250,000 somewhere between 400,00
MSNBC
Dec 28, 2012 10:00am PST
the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me speech weathers it happened. you will remember it. >> contraceptive thing, my gosh, it is such inexpensive. back in my days, they used bayer aspirin, they put it between their knees and it was not that costly? ? >> excuse me, i'm just trying to catch my breath from that. >>> this afternoon's meeting feels like optics, to make it look like we are doing something. let me say one more time, this is a total dereliction of duty at every level. i have been surprised that -- the president has not laid out a very specific plan to deal with this. but candidly, congress could have done the same. and i think that the american people should be disgusted. >> this's just four days until washington drives off the so-called fiscal cliff. something both democrats and republicans have called a worst case scenario. is temporarily going tv cliff is a best-case scenario for all parties involved? joining me now is maggie haberman. thank you for bog the show. >> thanks
CNN
Dec 31, 2012 11:00am PST
, sanjay. >>> more on our special coverage of the fast moving negotiations over the fiscal cliff. up next, hear why one high profile democrat says going over the cliff would be good for the stock market. and your 401(k). check this out.  >>> a compromise on the estate tax may be part of a last minute deal in the fiscal cliff. we're talking about how much money you can leave for your loved ones after you die. republicans want to extend the current estate tax that tops out at 35% and affects the states. the outline of the deal that just has been floated together would set the estate tax at 40% and the threshold at $5 million. let's bring christine romans in to make sense out of all of this. what do the numbers mean to real people? >> what it means, it is a victory politically for republicans and it means many republicans have said for a small business owner, small family farmers, people who have worked hard and amassed an estate, it means that they won't have to pay much more than they currently do for an estate tax. this is a true compromise here. because this is what you
FOX Business
Dec 27, 2012 4:00pm EST
rally next year no matter what happens with the fiscal cliff. and we will also be told what stocks he thinks are undervalued right now. let's start with larry. we're glad we picked up from the 150 point loss. i'm glad about that. looks like there won't be a santa claus rally this year. >> no, it doesn't look like it. we saw some pretty big down drafts today and earlier in the week. that's not what traders expect when we get into the last couple weeks of december. we usually have low volume rallies. we have done opposite. high volume drops in the market. today was a good example. recovered quite a bit but those points in the the chart have been made. the traders look at that and see the markets keep making lower lows and that makes them want to sell into the market and not buy it. shibani: david, i want to get your thoughts, you know, despite what's going on in and around the beltway, the gridlock that exists, you're still a believer in these markets. you believe in the markets forging ahead. tell me why you're so optimistic considering the swings we saw in just today's trading day alo
CNN
Dec 28, 2012 8:00pm PST
of their facilities. >> thank you, barbara starr at the pentagon. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. ve, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. i have a cold, and i
CNN
Dec 28, 2012 11:00pm PST
" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even
CSPAN
Dec 27, 2012 7:00am EST
% next year without the fiscal cliff, that would correlate with about 2 million net new jobs next year. so it's a continuation of a steady expansion. i wish it was a little faster expansion, but nonetheless it is an expansion. if we had a fiscal cliff, and we are reversing all the gains we have seen. host: what about mortgage deduction on a second home or vacation home or a certain limit to the size of a mortgage? would you be supportive of that? guest: we have to recognize that negotiating away from what has been a striking departure from just protecting the mortgage interest deduction, property ownership. any breach to that invites further breaches. our members, even though they recognize the deck is a need to be resolved, any breach will lead to further coming back, loring the income limit. -- lowering the income limit. we have to recognize many of the second homes are in places like michigan, wisconsin, arkansas, where people are looking for a weekend fishing lodge. very not the hamptons or expensive homes in beverly hills. many homes are scattered in the midwest. host: our first c
CSPAN
Dec 28, 2012 7:00am EST
next with the deadline, january 1. we will begin with your comments on the fiscal cliff talks, now down to the wire. here are our phone numbers -- you can join the conversation online. host: here are some of the friday morning headlines. a rare back to work for congress. "cliff talks down to the wi re" is the headline in "the wall street journal." host: that story from inside "usa today." this is from "the new york times." host: there is this from "roll call." pessimistic asstima ever. the president summoning congressional leaders. we expect there will be a stakeout afterward. we may hear from the president and we will be following all of that as the day unfolds. it's begin with david lightman. he covers capitol hill and the white house. the best sense of what you think the dynamics will be inside the room at the 3:00 p.m. meeting. guest: for all this talk of pessimism and optimism, the only people that know are the five principles in that room and i think that is important. they are all seasoned negotiators. they went to the debt ceiling stuff a year and a half ago. i think there will
MSNBC
Dec 27, 2012 6:00am PST
any special election for the house. >> they want that vote on the fiscal cliff. still the employee of the month and thank you so much. next, breaking with boehner. a month ago, oklahoma congressman tom cole endorsed compromising and going-over the fiscal cliff. what's he saying now? the minority report, we will get the view from the other side of the aisle with john yarmouth. a look ahead at the president's schedule. you are watching t"the daily rundown" on msnbc. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the f
FOX News
Dec 28, 2012 12:00pm PST
. five days in a row doing into the fiscal cliff and the dow stands to really get rocked again next week. >> you see, what's important here is the lack of clarity coming out of washington, d.c. really affects the marketplace in a negative way. like you just mentioned, before our eyes over the holiday vacation, market's down 100 points today. the volatility and swings in the marketplace are very big when there's uncertainty out of d.c. with respect to the fiscal cliffwhen the debt ceiling. they're real issues that need to be addressed in short order. >> you tend to think the media hypes up these things. the fiscal cliff, maybe we're making too much of it. you're not in that court. >> i'm not in that court. i think this is a significant piece of legislation the united states wants to see the balance sheet and income statement of the u.s. be taken care of in short order. otherwise, we also risk a credit rating downgrade. if we can't take control of our revenues that come in and spending that goes out, people will lose can confidence and faith. >> confidence is a big word. kyle harrington, g
ABC
Dec 31, 2012 12:00pm EST
optimistic. >> hopefully, they will figure it out next year. we have options if we go over the fiscal cliff. >> mitch mcconnell and senate democrats hit a stalemate on the weekend and he met twice today with the vice-president. >> i am willing to get this done, but i need a dance partner. >> the deal is tenuous and needs to get through a republican- controlled house as a countdown of a different kind chris closer, that is set to trigger a broad tax increases and drastic cuts. our top priority has to be to make sure taxes on middle-class families don't go up. that would hurt our economy badly. >> this afternoon it appears we are very close to a deal. if not, an average american family will start the new year with a $3,400 tax hike. here's hoping there's a reason to raise your glass in a post tonight and a sigh of relief. john gonzalez, abc 7 news. >> you can get the latest on efforts to reach a fiscal cliff steel throughout the day. wjla.com. we will have full coverage at 5:00. happening right now, developing news out of new york. secretary of state hillary clinton is in the hospital this a
CNN
Dec 28, 2012 4:00am PST
. >>> a high level meeting to find a fiscal cliff deal. our next guest says the whole thing is going nuclear. we'll talk to ken rogoff on the economy. >>> plus amazing terrifying video when a 33-ton shark tank explodes. you do not want to be near the shark, who would be pretty annoyed. we'll show you the rest of this when we come back. [music: artist: willy moon song: "yeah yeah" label: universal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! welcome back to "starting point." >> good morning, everybody. it's a fight between world powers with agonized parents and children caught right in the middle. russian president vladimir putin signed a bill that bans u.s. families from adopting russian orphans thought to be payback for a u.s. law that attackles human rights abuses in russia. moscow says too many orphans have been abused by their ame
FOX News
Dec 29, 2012 1:00am PST
. thanks at lot. next on the run down do both parties actually want to go over the fiscal cliff to save political face? we'll debate it the state department officials out of their jobs after the benghazi terrorist attack are reportedly still on the payroll. we have details moments away. >> greg: continuing with top story tonight. with days to go. both parties want it to go over the fiscal cliff in order to save face politically and strike a deal next month. will that be too late? alex stewart a republican stat gist and here in studio my favorite juan, juan williams a fox news contributor. aren't the consequences of going off the fiscal cliff all that's miss something vegan lunches. you must be giddy about going over the cliff. not me i don't want to go over the cliff. i think, you know what? i have investments. i work for a living. guess what? it would be absolutely traumatic for the global economy and recession not in the midst of a strong recovery. it's pretty weak. i don't think it's good news for anybody. this is something that the press doesn't pay attention to, greg. i think if ob
CSPAN
Dec 28, 2012 2:00pm EST
're optimistic they can reach a deal on the fiscal cliff. next we'll take a look at the possible effects and perhaps to fight hunger in the -- programs to fight hunger in the u.s. >> today, we want to look at the issue of hunger in america. we want to welcome our two guests. caroline rye cliff and alicia coleman jackson dealing with food and hunger. i want to ask you as you look through some of these figures what surprised you the most? what did you learn? guest: well, thanks for having me. just to talk about some of our main findings our statistics are based on food calendar year 2011 and that's base tond food survey conducted in 2011. we found that about 14.9% households were food insecure. food insecure means they lack consistent food. food insecurity rate in the u.s. is around 14% to 15% since 2008. from 2007 to 2008 food insecurity increased with the resession. it was at 11% prior to the recession. >> let me go to this sub head linebacker here. the 15% of these households being food insecure means they have trouble putting adequate food on the table. the question is why? why do we h
CNN
Dec 29, 2012 9:00am PST
. >> reporter: christine romans. >>> that fiscal cliff, it's looming. ali velshi is here next with a special live edition of "your money." e he eel talk to the president and founder of americans for tax reform, grover norquist. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >>> checking stories that are trending this hour, how about taking a look at this snake? it is a python, 17 feet long. wandered, i like that word, into a florida everglades picnic area. it was
CNN
Dec 31, 2012 1:00pm PST
cliff. we'll see what happens over the next few hours. tom foreman, thank you. much more on the fiscal cliff coming up. >>> there are serious ramifications for almost every american involved in this negotiati negotiation. we'll update when when we come back. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> okay, we've got the breaking news we're following here in washington. we've been thinking about it. we've been talking about it for a long time. guess what, the united states is now going over the so-called fiscal cliff. that's because the house of representatives is adjourning as
CNN
Dec 27, 2012 6:00am PST
will be home before too long. >> i hope so. thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and columnist. welcome to you both. >
CNBC
Dec 31, 2012 3:00pm EST
6:00 to 7:00 p.m. live for coverage of the fiscal cliff. myself and a cast of thousands with your latest as we count down toward the end of the year. "closing bell" coming up next. could be a big final hour of trading. bill griffith and an australian woman hosting the next hour. stay tuned anyway. >>> yeah. hang on, kids. here we go. welcome to "closing bell." i'm bill griffith. >> and i'm the australian woman. i'm mandy back at cnbc's world headquarters standing in for maria bartiromo. here we go, folks. stap yourself in. last trading hour for the whole year. the fiscal cliff, there may be a merge. we'll bring more on that. >> take a look at the charts. this tells the story in the last few minutes with mitch mcconnell on the floor saying that we are very, very close. we'll get more details from john harwood in a moment, but right now the markets are voting and they're giving thumbs up with the dow up 138 points. nasdaq up 2% right now. it's been strong all day. now at 3,020. and the s&p up 1.5%. >> look at those stocks go. president obama saying a fiscal cliff agreement is quote,
CNN
Dec 31, 2012 2:00am PST
that affect your bottom line, from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! when i'm out with
ABC
Dec 26, 2012 6:00pm PST
to meet tomorrow. the house, no plans to convene and no fiscal cliff negotiations have been scheduled. >> and taxpayers facing uncertainty as we head into the new year with the government on the edge of the fiscal cliff. >> for many of us, strategize might not apply this year. >> this is a different year, and there is unknown fate of two popular tax deductions for middle class. deductions for chairitable contribution asks and for home mortgages. when it comes to year end finances old rules may not add up this year. >> it's very difficult to do any type of tax planning and advising because nobody knows what is going to happen. >> much uncertainty centers around whether the united states is about to fall off that fiscal cliff. if that happens would it mean the end of the tear tax cuts. most believe taxes will go up next year. >> one of the things now is that people are advising people to get out of high dividend funds and move into tax exempt bonds that won't be taxed. >> the current negotiate yigs between the president and house speaker could mean the reduction of the general deduction
ABC
Dec 31, 2012 6:00am EST
american family would pay in taxes next year if a deal is not found today. the fiscal cliff deadline -- hopefully the new year's eve countdown will not mean we will go over the cliff. >> excitement continues to build after the big win for the washington redskins last night over the dallas cowboys. the scans are headed to the playoffs. they will play the seattle seahawks next saturday 4:30 at home. tickets are already available. fans are so excited and one local company already making new t-shirts with rg3 and champion on them. and they will be available at local sports zone the shops letter today. certainly a big day for the burgundy and gold. >> the city full of smiles. here are things you need to know. the city of alexandria putting finishing touches on the largest family friendly new year's eve bash in the region. over 100 live performances, 21 indoor venues and the fun ends with fireworks over the potomac river midnight. metrorail will stay open two hours late until 2:00 a.m. so everyone could get home safely and the new year will bring a new member to the kardashian clan. kim ka
FOX Business
Dec 27, 2012 11:00am EST
: your fiscal cliff survival kit with the deadline fast approaching. our next guest says investors should look beyond the cliff and not just in the united states for gains. kevin is managing director of wealth management, the applied trust. joining us from louisville, thanks for joining us. i want to start talking about how markets are reacting to the fiscal clip back and forth. markets were down 20 points yesterday down 130 points when nothing has changed from yesterday to today. are the markets reading things properly? >> i think the markets are reacting to short-term news and certainly we expected more volatility around the fiscal cliff until its resolution we will see more volatility, more of the same. what investors have to realize is to look through that and think long term, it will be just fine. we are not going to get a resolution by december 31st but we most likely will get one in the early part of january and hopefully we can start to let more long-term things, look at earnings that should continue to propel stocks forward. shibani: everyone is eager to move all of this drama an
MSNBC
Dec 24, 2012 2:00am PST
are responding. some spending less this holiday season as the fiscal cliff nears, others buying guns as that debate intensifies. fresh off the demand for armed guards in every school, wayne lapierre remained defiant in his one and only interview with david gregory. >> if it's crazy to call for putting police and armed security in our school to protect our children, call me crazy. >> reporter: the nra leader wanted to discuss munitions. >> i don't believe that will make a difference. >> reporter: throughout the country some americans are responding, some buying weapons. >> i'm here to take advantage of an opportunity to do something about that before it happens. >> reporter: others protesting at gun shops. >> it's just not right. it's just insanity. insanity. >> reporter: on capitol hill lawmakers address how to address this issue as they face another problem, another stalemate in fiscal cliff negotiations. >> our republican colleagues by refusing to go along with revenues are risking the fiscal cliff. >> i think we're going to fall out of the fiscal tree. >> reporter: confidence at a
NBC
Dec 28, 2012 4:30am EST
for a new deal with just four days until we hit the fiscal cliff. good morning everybody. i'm aaron gilchrist. >> i'm eric go-- erika gonzalez. it's the last friday of the year, mr. gilchrist. >> yes, it is. >>> we could be talking rain and snow by tomorrow morning at this time. let's take a live look outside. looks to be nice. there's v.j. >> hi guys. happy friday. >> happy friday to you. skies look pretty good
CNBC
Dec 28, 2012 6:00am EST
bit in washington next year. maybe once all the dust is settled from this fiscal cliff apocalypse that we're dealing with right now. >> that requires a lot of things to happen. means we've got to get past it, though. >> right. if we ever do. we could do the bungee jump thing where we go into january and then we're dealing with debt ceiling fight that goes longer than that potentially. this thing could stretch on for a long time. >> eamon, if jeb hensarling and maxine waters can get together on something, we can get together. >> that's right. that is going to be the oddest couple on capitol hill. i was just joking about this, a little bit like one of those diagrams except it doesn't overlap at all. where are they going to find some way to agree to work together on. >> they're perfect. on a seesaw, you don't need a big fat guy -- you need people that weigh the same. >> right. >> and they're both -- i wonder what -- >> heavyweights. >> yeah, exactly i wonder what jared -- are you sick? >> i do have a cold. i'm nursing a little hot tea here which is helping but not helping enough. >>
CNN
Dec 26, 2012 4:00am PST
for christmas. first, i want to ask you about the fiscal cliff and what's happening in the next couple of days. first, do you think it's possible we'll get anything other than a band-aid between now and six days from now when the triggers kick in? >> i'm very optimistic if all of us pull our weight and do some serious conversations we'll have a bipartisan solution, because nobody wants to go over this fiscal cliff. it will damage our economy. it will hurt every taxpayer, the largest tax increase in history. it will affect everybody, and anyone who is watching who thinks, oh this isn't going to impact me, you will fin out d o will, and we know the problem is a lot of spending. not that we're not taxing people more, we're just spending too much. we hope that the president understands that as for as republicans are concerned, we're willing to negotiate and have a civil conversation, but also he's got to bring in some spending cuts and tax reform, because americans want tax reform and we don't want to hurt the economy, and, look there, are not enough millionaires in the united states to tax them a
CNBC
Dec 31, 2012 6:00am EST
of oscillation on the back of, as you said, the fiscal cliff and concerns that we may fall off. does that mean that people are getting complacent? they think even though we might not get a deal in the next 24 hours, we will get a deal fairly imminently. in the meantime, though, this is what we've got in terms of the major european indices. that will open and the germans will come to that in a few minutes' time it has been up year-to-date around about 6% and that makes the ftse 100 a real lagger compared with some of its european peers. a laggard, as well, compared to the cac 40. we have no fiscal cliff deal as of yet and it is up 1%. that means the cac 40, the french equity market, the blue chips there are up over 15% year-to-date. and a lot of markets are being shut today, including the dax, it pales to insignificant compared to this. the dax when it closed on friday closed out a 29% increase year-to-date. a stunning performance from those german blue chips, especially when you consider the fact that we are in and out of recession in europe, we have a real malaise in front of a lot of sectors
CSPAN
Dec 27, 2012 9:00am EST
with respect to the fiscal cliff issue in the next few days. we talked earlier when the majority leader was here about the impact of the budget and taxes, senior citizens not being able to see doctors. it is crucial work. and i continue to be part of that optimist caucus here in the senate, believing that we can still find some common ground in these last few days on the fiscal cliff. and avoid going over the fiscal cliff. that is crucial work, mr. president, but striking the right balance between protecting our country and protecting our individual liberties is also important work, and for that reason, i wanted to walk through the history of the fisa amendments act this morning, describe why it was so important particularly for us to get even an accounting -- remember, mr. president, this doesn't disrupt any operations in the intelligence community. this is just an accounting of how many law-abiding americans have had their communications swept up under this law. that work is crucial, too. and for that reason, mr. president, i hope that on a bipartisan basis the amendments will be view
FOX Business
Dec 26, 2012 8:00pm EST
schools. right now they have very little leverage onra this debate over e fiscal cliff because that stuff happens automatically, but the idea of a debt ceiling increasef they told obama more than once if you want a trillion dollars, you will need that eight times in the next decade they will have to cut spending a trillion have to cut spending a trillion eric: i'm a republican, congressman, senator tax pledge to not raise taxes. teo if somebody approaches me and says here is a bill that says if youhi sign this we will cut taxn for 98%, how can you say no to that? my point is this. the administration is winning the war of optics. if they played it this way, do they not win? >> they won the war of optics so far because everything has beene done. done inside closed walls.nd f if c-span, fox are able to videotape the negotiations, the kind of thing we're learning now about obama that i have no interest in cutting spending, just want tax increases. he has been lying about his negotiating position. k if people knew that, there is serious unhappiness on his lack of seriousness with cutting spend
CNN
Dec 28, 2012 1:00pm PST
to be talking over the next 24 hours to try to fix this fiscal cliff thing. here's what they had to say. >> we had a long meeting in the white house it was very constructive. i hope that the next 24 hours will be very instructive with what we're able to accomplish. >> was there discussion of a concrete proposal? >> we talked about a lot of things. there's no concrete proposal at this time. we have a number of different directions that we're goi to try to take and we're going to see what can be worked out. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference so we'll be working hard to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> wow. hopeful and optimistic. that sounds pretty good. i have our chief white house correspondent jessica yellin and radio hill correspondent lisa. honestly, they are not calling each other names which yesterday was going on and optimistic
FOX Business
Dec 26, 2012 11:00pm EST
. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could youay no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning nowbout how obama said i have no interesting in cutting spending, he's been lying for two mons about his negotiationing position in the room. if people knew that, there would be serious unhappiness in his lack of seriousne with
FOX News
Dec 26, 2012 1:00pm PST
the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told obama if you want a trillion dollars in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could you say no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning now about how obama said i have no interesting in cutting spending, he's been lying for two months about his negotiationing position in the room. if people knew that, there would be serious unhappiness in his lack of seriousness with cutting spending. if the negotiations were here
CBS
Dec 27, 2012 7:00am PST
sales was uncertainty about the fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it consumers could see higher taxes eating into their paychecks. even online sales suffered compared to past years of double-digit growth this year online holiday sales rose only about 8% compared to nearly 16% last year. lack of consumer confidence means this shopping season could be the weakest since the recession in 2008 when sales actually shrank. >> consumers need to have more confidence. right now it's more of an uncertain way for the first half of 2013 so i think everyone has thought going into the year. >> for businesses, the holiday shopping season officially ends december 31st, and retailers are hoping to salvage some profits by offering deep discounts until then. the president of the national retail federation is still optimistic. he estimates holiday sales growth will be about 3.5% to 4% this year. rebecca and jeff? >> thanks elaine. it's interesting, macy's and target report next week so we're going to hea
MSNBC
Dec 31, 2012 12:00pm PST
bared that out. the election bared that out and passing the fiscal cliff and looks like we will have kind of another temporary crisis in the next month or three months, they again have to fight the stereotypes and label that is built up. >> one of those jumped out at me. maybe run it by you. for the democrats, the argument of don't offend gun owners and manners, you don't want to offend anybody needlessly, a voter or group. i get that. you point to the example of the 2000 election and say al gore lost maybe the presidency because of maybe gun ownership and so much the map changed that the votes to win a national election, to win statewide election for democrats now -- gore lost kentucky, missouri, wf w6, his ohm state of tennessee and where the gun issue's hurt him. those are republican states. democrats have taken a decade off on gun control and haven't made any headway with gun owners and still voting as reliably republican now than maybe more so. isn't the lesson it's okay to be easy on gun control? >> i don't think so. people that voting for president obama because of the auto ba
MSNBC
Dec 31, 2012 8:00am PST
're keeping our eye on the senate back in session with the fiscal cliff talks now down to the wire. the big question is even if the senate reaches a deal as they continue the debate will republicans pass anything with tax hikes in the house? up next republican congressman tom cole. and baby makes three. kim kardashian and kanye west's big baby announcement. also, sydney, australia celebrating the new year just three hours ago with fireworks over the famous opera house. in new york city, an already crowded times square. people waking up there. our big question what is your new year's resolution for 2013? tweet me at richard lui. we'll share some of your comments later. >>> a live look at the markets which appear to be taking going over the fiscal cliff in stride. many people say it is built into the market. many investors are still confident leaders will strike some sort of deal as talks go down to the wire and even if they don't they are counting on senate majority leader harry reid to present a backup proposal to limit some of the damage. we're watching live pictures on the right-hand side
MSNBC
Dec 29, 2012 9:00am PST
weekend. good luck in washington now. >>> next hour we'll hear from more lawmakers about the fiscal cliff. we'll have senator bernie sanders from vermont he'll be here as well as representative karen bass of california. in our 1:00 eastern hour right here on msnbc. >>> we need to turn now to weather. a winter storm another one dropping snow in the northeast. take a look now. you know a lot of people -- just a few days away. we've got a little snow coming down here now actually. that's the spot a lot of people are going to gather. right outside the studios here, rockefeller plaza. but the new year's countdown they expect some million people to be out there when the ball drops. but when that ball drops, how bad is it going to be out there? are they going to be getting snowed on? dylan dryer, would you recommend going out there on new year's receive in. >> of course. it's new year's eve in new york city. but the snow will be gone by then. it is a snowstorm nonetheless and the roads and anyone traveling in the northeast will run into some issues. we've already seen some reports of pretty bad
FOX News
Dec 29, 2012 3:00am PST
to be on popularity over the next few weeks if we go over the fiscal cliff and he ends up making cuts and so forth. what is going to happen is ultimately if this is is a success or a failure, it's his legacy that's going to tell the story that doesn't come down for republican's back against the walls this mess that krauthammer pointed out. what the republicans are doing mess in the house putting up this plan b and may get less than plan b they couldn't get a vote on plan b. senator corker thinks this whole thing he mentioned last night on greta is really too much spending keeping the spending and getting the tax increases, listen. >> it's a shame in this nation where every developed country in the world knows that our greatest threat is our fiscal solvency that you would have to have leverage points. you would think people would sit down and solve the problem because we know it is our greatest threat. that's not the case here. we have a president who has not laid out a plan. he is obviously a spendaholic. time quickly running out for a deal washington will be working all weekend in hopes of reachi
MSNBC
Dec 26, 2012 10:00am PST
is back with us. what are the stories? some work might start on the fiscal cliff? one can only hope the president comes back. we are assuming the house and the senate will be milling about. you will know this better than i. then the other story we might be talking about is whoever governor neal abercrombie of hawaii might select to fill the senate seat to be selected by daniel inouye. >> there is a rush ta to that so the senator can participate in the fiscal cliff votes. that could be an important vote. >> it will definitely be an important vote. the reason i brought it up is twitter being what it is, representative-elect told them, just got elected, 32-year-old combat veteran what has not taken her seat yet got an endorsement from cal penn to be the person selected to take senator inouye's seat. >> she can be an answer to a trivia question. who is a representative-elect and never served a day in office and became senator. that's incredible. some day. jonathan, thank you so much. we appreciate that. that does it for this edition of andr"andrea mitchell reports." my colleague has a l
FOX
Dec 31, 2012 7:00am PST
concerns. >> just the uncertainty, the fiscal cliff and how things are gonna pan out from these next few months. >> the increase on sales tax from prop 30 will last for four years. the god news for consumers, the sales increase does not apply to gas. >>> 8:24. let's go to tara right now. we have some problems on caltrain. what's going on? >> that's right. on the southbound 322 train we had an emergency break near brisbane due to signal problems. we'll keep you posted on whether it causes more widespread delays. 101 looking good. we do want to mention that muni, vta, caltrain and sam transare all offering free rides tonight. so be aware of it. b.a.r.t. also offering extended service. up next, the bay bridge, your commute into san francisco, a nice one. no delays at all. the metering lights never went on. 101 near san jose, northbound as you make your way to the air looking good. here's steve. >>> all right, tara. thank you very much. cold this morning. 20s, upper 20s -- 20ss, some 30s. that system coming in is losing a lot of its punch. 30s, livermore airport has just gotten a little bit
CBS
Dec 31, 2012 5:00am PST
the so-called "fiscal cliff." this is a live picture of the u.s. capital right now where the house is set to reconvene less than a half hour from now. but there are questions about how much progress can be made. andrew spencer has more on why the process steams have stalled -- seeps to have stalled. >> if there is an ultimate compromise, there will be parts of it that i find disgusting and reprehensible which i may have to swallow in the name of finding compromise. >> reporter: a rare sunday session on capitol hill. >> the senate will come to order. >> reporter: as lawmakers work on a voiding the so-called "fiscal cliff." talks briefly hit a, quote, major setback on sunday over social security benefits according to a democratic source. but both sides agree to push forward. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: vice president joe biden is apparently that person for senate minority leader mitch much. top level sources say the two are taking over talks. if nothing is resolved by midnight tax rates for all americans will increase. de
CSPAN
Dec 25, 2012 7:00am EST
as the fiscal cliff, who will most likely make the next news story? guest: i think it has to be president obama. i think john boehner went through a devastating experience this last week when he called for a vote and did not have a vote. his troops abandoned him. it has been ongoing for a while, his relationship with some of these freshman. he is having a difficult time and i think he has been rendered -- left in a weakened state going forward. i think the people who still have power here -- the white house and the senate -- suddenly i think there is more and more attention given to senate republicans. it is not clear whether mitch mcconnell wants to play a role because he has a campaign coming in 2014. for some people on the far right, the idea that mitch mcconnell would make a deal with obama could be acceptable. you have 10 or more republican senators who say they are willing to do business with president obama in terms of approving an increase in the marginal tax rates. if that is the case, if you could get them to pass some kind of bill and then send it on to the house, and all boehner sai
CNBC
Dec 31, 2012 12:00pm EST
, well, regardless of how the fiscal cliff discussions turn out, bill gross isn't looking for much when it comes to equity returns next year. he is joining us live from pimico headquarters in california. nice to see you, happy new year. >> thank you, scott. same to you. >> stocks and bonds returning less than 5%. unemployment remains 7.5% or higher. why so glum? >> well, you know, with bonds only yielding 1.7%, the 5% or less call is not hard there. i think stocks in 2013 depend on two primary things. one, real economic growth, which was 2% or less. and second of all, the fed. at this point ben bernanke isn't rumplestiltskin. even if this cliff deal is inacted, we'll say good luck in a month with the debt ceiling. in terms of the real economy and stocks, profits importantly have benefited tremendously in recent years from lower interest expense and low growth wage. so at some point the tail winds are going to end. >> you guys were expecting 5% in stocks for 2012, obviously the s&p 500 has done 11.5% heading into today with a whole slew of issues that have been facing us. has that surpri
CNN
Dec 26, 2012 1:00pm PST
the fiscal cliff? >>> a dangerous winter storm roaring across the eastern half of the u.s. bringing blizzard conditions and travel nightmares. plus, the nra's controversial proposal to put armed volunteers in every school, we'll go in-depth with the man in charge of the national school shield program. i'm joe johns. you're in "the situation room." the u.s. is now just six days away from the so-called fiscal cliff. and a mad scramble is on here in washington to avoid the drastic tax hikes and spending cuts that many fear will plunge the economy back into recession. president obama flies back from hawaii tonight to be ready if the senate comes back with a plan when it returns to work tomorrow. and house leaders are huddling with members on stand-by to return. senior congressional correspondent dana bash is following all of it for us. what are you hearing? >> there was a conference call of course members of the house leadership even, they're back in their districts, but there was a conference call today among those house republican leaders trying to figure out if and when the house should come
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